AMD, OpenAI, oh my.

One of the biggest deals of this AI cycle and yes, speculative mania continued.

I will start with this:

The health of the market is determined by the length, quality, and size of the moves you’re seeing in your watchlist.

I haven’t seen a day like this in what feels like a long time, everywhere you looked we saw monster +10% or more moves whether it was AMD on the heels of the OpenAI news or more speculative, smaller names such as AAOI EOSE PATH RCAT etc. I posted all of four of these charts on my X feed over the last few weeks and we’re starting to see those setups play out as anticipated.

Now, for the market.